Dubai Executive Council discusses housing

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Dubai Deputy Ruler, and Deputy Chairman of Dubai Executive Council, has presided over a meeting of the council.

The council members reviewed the long term policy for citizens' housing, as well as the policy for regulating Foreign Direct Investments (FDIs) to the emirate.

The policy targets increasing FDIs' contribution to the emirate's Gross Domestic Product (GDP) from 5 per cent to 7 or 8 per cent. Current foreign investment projects account for 300 projects annually.

The council members further discussed the three-pronged approach to improve the inflow of FDIs, including strategic, tactical and operational approaches.

Some eight sectors were identified  as attractive to FDIs. They are: commerce & services, logistics, Islamic economy, green economy, tourism, healthcare, education and light industries.